Falling Turkish deep-sea scrap import prices have continued with the latest Baltic Sea transaction heard on Wednesday January 20.A steel mill in the Marmara region booked the Baltic Sea cargo, comprising HMS 1&2 (80:20) at $440 per tonne, shredded at $445 per tonne and bonus at $450 per tonne cfr. The cargo composition was not clear.The previous deep-sea deal, which was from the United...Read More
The premium hard coking coal fob price jumped on Wednesday January 20 following two transactions sealed at higher prices while Russian low-volatility pulverized coal injection (PCI) cfr price hiked, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.25 per tonne, up $8.44 per tonnePremium hard coking coal, cfr Jingtang: $208.44 per tonne, unchangedHard coking coal, fob DBCT:...Read More
Iron ore prices for mid-grade fines dropped on Wednesday January 20 due to weak demand for steel despite the potential impact of tropical cyclone near West Australia on shipments, while high-grade fines gained on tight supply. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.55 per tonne, down $0.78 per tonne 62% Fe low-alumina fines, cfr Qingdao: $171.50 per tonne, down $0.10 per tonn...Read More
A summary of BHP's latest operational review for iron ore and metallurgical coal released on Wednesday January 20.In briefIron ore output in July-December 2020 - the first half of BHP's financial year - totaled 128.43 million tonnes (or 145 million tonnes on a 100% basis), up by 6% year on year. Western Australia Iron Ore (WAIO) operations produced 70.4 million tonnes (100% basis) of iron ore in O...Read More
Meteorologists have predicted a category 1 or 2 cyclone to reach the Pilbara coast of Western Australia as early as Friday January 22, which could affect iron ore shipments, sources said.According to the Australian Bureau of Meteorology's tropical cyclone advice on Wednesday January 20, a tropical low was detected and estimated to be 570 kilometres north of Broome and 950km north northeast of Port...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More
China's hot-rolled coil prices continued to fall on Wednesday January 20 as a result of a surge in supply in the eastern region as a result of physical delivery being made for January futures contracts.DomesticEastern China (Shanghai): 4,450-4,480 yuan ($687-691) per tonne, down 30-40 yuan per tonneSellers in the spot market had to lower their offers despite a rebound in the futures market due to...Read More
There were gains across the board for the London Metal Exchange base metals this morning, Wednesday January 20, with a weaker US Dollar Index and a firm commitment on further stimulus in the United States pushing copper and aluminium up by 1.2% and 1% respectively. Copper's three-month price went back above the $8,000-per-tonne mark on Wednesday morning, after closing below it for three days in a...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 20.Key drivers European titanium scrap markets jumped for low tin and higher tin-content material over 20% and 10%, respectively, amid a severe shortage of feedstock, which has worsened this year due to the cumulative impact of the Covid-19 pandemic on end-user industries, particularly aerospace.This is the third consecutive...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide.....Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 17.75-18.50...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside.US equity futures and many Asian-Pacific equity indices are setting record or multi-decade highs.Base metalsThree-month base metals prices on the LME were up by an a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December U.S. Housing Starts was an increase to 1.560 million units from 1.547 million units in November. Actual was 1.669 million units . Consensus for Weekly Jobless Claims was a drop...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...Read More
The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More